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Bank of Ireland said there is no customer impact from today's transaction

Bank of Ireland moves to improve CET1 capital ratio

Bank of Ireland said it has executed a credit risk transfer transaction which will improve its regulatory and fully loaded CET1 capital ratios by about 30 basis points.

Business • 19 Oct 21

Dilosk said that investor demand for its bond issuance was particularly strong

Dilosk raises €325m through sale of bonds

Specialist mortgage lender Dilosk has raised €325m through the sale of bonds backed by residential mortgages.

Business • 19 Oct 21

Deposits from households stood at €134 billion at the end of August, new Central Bank figures show

Household deposits fall for first time since late 2019

New figures from the Central Bank today show that Irish household deposits declined in August for the first time since November 2019.

Business • 30 Sep 21

The reduced rates will apply to new home loans issued from today onwards under the Rebuilding Ireland Home Loan (RIHL)

Local authority mortgage interest rates cut by 0.25%

The interest rates on all new local authority mortgages have been cut by 0.25%.

Business • 10 Sep 21

The average interest rate on a new mortgage in Ireland in July stood at 2.73%, compared to the euro zone average of 1.28%

Ireland once again has highest euro zone mortgage rates

Ireland once again has the highest mortgage interest rates in the euro zone, the latest figures from the Central Bank show today.

Business • 08 Sep 21

The KBC Bank Ireland portfolio is made of up home and buy to let mortgages as well as a small number of non-mortgage non-performing loans

KBC Bank Ireland sells €1.1 billion loan portfolio

KBC Bank Ireland has agreed a deal to sell a non-performing mortgage loan portfolio of about €1.1 billion to private equity fund CarVal Investors.

Business • 30 Aug 21

A new Central Bank reports shows that 13% of all home mortgages will have some shortfall in repayments at the end of their term

Central Bank urges action on long term mortgage arrears

The Central Bank has said more action is needed from mortgage lenders to deal with long term mortgage arrears.

Business • 13 Jul 21

The new rate is only available to customers who apply through their Haven appointed mortgage intermediary

Haven launches green mortgage with rate of 2.15%

Haven, a subsidiary of AIB, is introducing a green mortgage with a rate of 2.15% - one of the lowest in the market.

Business • 01 Jul 21

Bank of Ireland said the proposed sale is expected to result in a reduction in its non-performing exposure ratio from about 5.7% at the end of March to about 5.3%

Bank of Ireland moves on non-performing loan portfolio

Bank of Ireland said today it had agreed a securitisation of a portfolio of non-performing Irish mortgages.

Business • 18 Jun 21

Permanet TSB's customers will now to able to complete their entire mortgage application process online

Permanent TSB in deal with Irish fintech CreditLogic

Permanent TSB bank has agreed a deal with Irish fintech CreditLogic which will see the company provide a new digital application platform for mortgage applicants.

Business • 14 Jun 21

The average interest rate for new mortgage loans stood at 2.8% in April, new Central Bank figures show

Irish mortgage rates still second highest in euro zone

The average interest rate for new mortgage loans rose by 2 basis points (0.02%) in April, on an annual basis, to 2.8% according to new figures published by the Central Bank.

Business • 09 Jun 21

20% of mortgages that lenders give out to first-time buyers can be above the cap of 3.5 times people's annual income

Permanent TSB and KBC close off FTB mortgage exemptions

Permanent TSB and KBC Bank Ireland have closed the option for borrowers of getting an exemption from Central Bank mortgage rules.

Business • 25 May 21

Avant Money said its new ten-year fixed rates will start from 2.1%

Avant Money offers lower 4 and 10 year mortgage rates

Mortgage lender Avant Money said today it is launching the lowest four and ten-year fixed rate mortgages in the Irish market.

Business • 14 May 21

KBC Bank Ireland added 9,600 new current accounts in the first three months of 2021

New mortgage lending at KBC Bank Ireland up 54% in Q1

KBC Bank Ireland has reported a net profit of €8m after tax and impairments for the first quarter of 2021.

Business • 11 May 21

Permanent TSB's chief executive Eamonn Crowley

Permanent TSB's mortgage market share jumps in Q1

Permanent TSB said its mortgage drawdown volumes in the first quarter of this year were about 30% higher than the same time last year and mortgage applications and approvals are also materially ahead.

Business • 05 May 21

Property investors accounted for less than 1% of all mortgage drawdowns in 2020 compared to 20% of mortgage drawdowns in 2006

Big decline in buy-to-let investors in housing market

There has been a sharp move away from buy-to-let mortgages to fund investments, according to the latest Housing Market Monitor from the Banking and Payments Federation Ireland.

Business • 09 Mar 21

Virgin Money was set up to challenge the dominance of more conventional and bigger banks in the UK

Virgin Money makes £726m new provisions for bad loans

UK lender Virgin Money has set aside £726m to protect its balance sheet from potential loan losses, after a "modest" increase in customers needing additional support after exiting pandemic payment holidays.

Business • 02 Feb 21

October was the busiest month for mortgage approvals since BPFI began compiling the numbers in 2011

Surge in mortgage approvals driven by first-time buyers

New figures from Banking and Payments Federation Ireland show that October was the busiest month for mortgage approvals since BPFI began compiling the numbers in 2011.

Business • 01 Dec 20

New Central Bank figures show that the outstanding amount of household deposits stood at €123 billion in October

Deposits in Irish banks hit record high - Central Bank

Deposits by households paid into Irish banks and financial institutions are now at their highest level since records began.

Business • 30 Nov 20

The Central Bank warns lenders that it expects them to clearly communicate with customers at all stages of the mortgage application process

Lenders warned on communication with mortgage holders

The Central Bank has warned lenders that it expects them to clearly communicate with customers at all stages of the mortgage application process, including customers who have already received loan offers.

Business • 16 Nov 20

Bank of Ireland Group CEO Francesca McDonagh

20,000 Bank of Ireland customers still on payment break

Bank of Ireland said that the three months to the end of September saw generally better trading conditions compared to the second quarter of 2020.

Business • 28 Oct 20

Derville Rowland, the Director General of Financial Conduct at the Central Bank

Suspected criminal activity found in CB tracker probe

The Director General of Financial Conduct at the Central Bank has said the bank has reported suspected criminal activity to An Garda Síochána arising from its tracker mortgage examination.

Business • 21 Oct 20

A total of 3,875 mortgages were approved in August, new BPFI figures show

Monthly mortgage approvals rise by 14% in August

New figures from Banking and Payments Federation Ireland show that the monthly growth trend in the number of approved mortgages continued in August, while they continued to be lower on an annual basis.

Business • 25 Sep 20

The main lenders put in place the option of payment breaks as the country entered a phase of severe restrictions aimed at preventing the spread of Covid-19

EBA says payment breaks will be phased out as planned

The European Banking Authority has confirmed that mortgage and loan payment breaks, offered to borrowers earlier this year, will be phased out from the end of this month as planned.

Business • 22 Sep 20

Avant Money products will be available through the broker network and are aimed at those moving house, switching mortgages or buying their first home

Avant Money enter mortgage market with 1.95% fixed rate

New mortgage lender Avant Money starts taking applications for its products from today, with fixed rates as low as 1.95%.

Business • 14 Sep 20

Mortgages